LONDON, UK, Mar. 19, 2013 – Harbert Management Corporation (Europe), LLC (“HMC (Europe)”), as advisor to Harbert European Real Estate Fund III, LP and its affiliates, is pleased to announce the sale of Chiswick Tower to Hermes Real Estate for £56.5 million through a corporate transaction. The property consists of a 143,000 square foot, 18 [...]

Harbert Australian Private Equity Fund I (“Harbert”), a private equity fund targeting lower-middle market investments, recently finalised the divestment of its significant minority interest in Emeis Holdings Pty Ltd (trading as Aesop) (“Aesop”) via a 65% sale to the leading Brazilian manufacturer and direct seller of cosmetics, Natura Cosméticos, for approximately A$68m in cash, reflecting [...]

BIRMINGHAM, Ala., Mar. 13, 2013 – Harbert Management Corporation (“HMC”) is pleased to announce the launch of its newly redesigned website. The URL will remain the same (www.harbert.net) and is designed to reflect HMC’s mission to improve global communications and to reach a more comprehensive audience of investors and attract potential companies seeking capital for [...]

Birmingham, Alabama, Mar. 4, 2013 – Harbert Private Equity Fund II, LLC (“HPEF II”) announced today that it has sold PFC Acquisition Company, Inc. and its wholly-owned subsidiary, Presidential Financial Corporation (“PFC”), to MidFirst Bank. PFC will operate as a subsidiary of MidFirst Bank and maintain its own brand and management team. “We believe that [...]

Harbert United States Real Estate Fund V, L.P. (“HUSREF”), in conjunction with Cortland Partners, has acquired East Lake Apartments, a 510-unit lakeside multi-family community in Marietta, Georgia. Cortland and HUSREF closed on the garden-style apartment community Feb. 1 and will invest $9.2 million upgrading the property. The property, which is located in affluent East Cobb, [...]

Harbert Australia Private Equity (“Harbert”), the private equity firm targeting lower-middle market investments, today announces the appointment of Robert Read as Managing Director.  Rob will join the investment team on the 25th of this month. Rob joins Harbert from GlaxoSmithKline (Australia) where he was Director of Commercial Strategy & Operations.  This role was accountable for [...]

Birmingham, Alabama, Jan. 31, 2013 – Harbert Management Corporation’s (“HMC”) real estate investment platform was named as one of the top ten Consistent Performing Managers in the 3Q 2012 Preqin Quarterly Real Estate Report. The report identified the most consistent performing private real estate fund managers based on a universe of 113 firms and 619 [...]

BIRMINGHAM, Ala., Jan. 23, 2013 – Harbert Management Corporation (“HMC”), an alternative investment manager, announced today it is sponsoring a new team to raise a fund focused on European growth lending. The team will be led by Johan Kampe and David Bateman and will be based out of HMC’s existing London, UK office. The fund, [...]

BIRMINGHAM, Ala., Jan. 24, 2013 – Harbert Management Corporation (“HMC”), an alternative investment manager, today announced it has raised over $325 (€254) million of equity commitments for Harbert European Real Estate Fund III (“the Fund”), its third pan-European real estate opportunity fund, in addition to $197 (€151) million in co-investment equity. The Fund will primarily [...]

Dec. 6, 2012, Melbourne, AUS – Harbert Australia Private Equity (“Harbert”), the private equity firm targeting lower-middle market investments, today announces the acquisition of a substantial majority interest in Cardioscan Services Pty Ltd (“Cardioscan”), a provider of cardiac testing services to large Australian pathology and hospital groups. Cardioscan was established in 1984 and is Australia’s [...]